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Iran-China trade down 41% in Jan.
February 27, 2016

The volume of trade exchange between Iran and China has dropped by 41% amid plunging oil prices.Sino-Iran trade dropped to USD 2.07 billion in January 2016, showing a 41% year-on-year decrease, the Tasnim News Agency reported China’s customs office as saying on Saturday.Chinese-Iranian trade stood…

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Russia tries to mollify Iran on Saudi talks
February 25, 2016

Russia is apparently trying to placate Iran after a surprise agreement with Saudi Arabia on freezing oil production.The abortive effort came in the midst of Iran’s efforts to redeem its market share with stepped-up oil…

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Oman backs Iran in Saudi freeze row
February 25, 2016

Oman has lent weight to Iran in a row over a Saudi proposal to freeze oil output at current levels, saying the Islamic Republic must be exempted from the plan.Saudi Arabia, which pumped 10.2 million…

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Swiss Firm TOLGA Eager to Invest in Iran’s Solar Industry
February 9, 2016

A leading Swiss photovoltaic (PV) company expressed willingness for presence and investment in Iran’s market following the termination of anti-Tehran sanctions. During a joint meeting with officials of Iran’s Energy Ministry as well as Renewable…

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ICCIMA Launches Investment Consulting Center
February 9, 2016

Iran Chamber of Commerce, Industries, Mines and Agriculture has established an investment consulting center to act as a bridge between Iranian companies and foreign investors, in preparation for the opening up of Iran’s economy after…

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Iran in Talks to Buy Refineries in 6 Countries
February 8, 2016

National Iranian Oil Engineering and Construction Company (NIOEC) said it has started talks with 6 countries for buying and constructing refineries.Hamid Sharif Razi, managing director of NIOEC, said the company is in talks with Malaysia,…

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Austria Bank to Restart Tehran Business
February 7, 2016

Raiffeisenbank International (RBI) of Austria wants to fully re-launch operations in Iran over the coming months. At the moment business is still on ice. The bank had been doing very good business in the country…

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Banks Should Unload Baggage of the Past
February 7, 2016

The domestic banking sector needs a thorough overhaul, Ali Divandari, head of Monetary and Banking Research Institute said. Any fissures in this important industry or its further weakening would seriously undermine the national economy, he…

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Global Insurers “Circling Iran for Business Opportunities”
January 27, 2016

Reuters reports that global insurance firms are “circling Iran for business opportunities“, and the first test of their appetite could come in March when some Iranian companies seek new cover.Insurers, reinsurers, and brokers are exploring…

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Iran gives 30-day visas at airports
January 27, 2016

Iran is to start issuing 30-day visas for tourists from 58 countries upon arrival at its airports.The Persian-language newspaper Donya-ye Eqtesad says the visas can be extended by 15 more days.Foreign tourists could previously get…

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